Good things come in threes, it’s often said. But what happens when a formerly tight trio becomes dominated by a power couple? In the asset-manager world, BlackRock BLK, +0.09%, State Street Global Advisors STT, +1.51%, and Vanguard have been known for the past several years as the “Big Three” behemoths, …
Read More »Key Words: U.S. TikTok CEO Kevin Mayer resigns, saying ‘the political environment has sharply changed’
Just three months after taking the job, TikTok Chief Executive Officer Kevin Mayer announced his resignation in an internal memo to employees late Thursday, where he spoke of a changing political landscape. “ “In recent weeks, as the political environment has sharply changed, I have done significant reflection on what …
Read More »‘The season is in jeopardy’: NBA players decide to sit out all of Wednesday’s playoff games over Jacob Blake shooting
The Milwaukee Bucks decided to “strike” and not take the floor for their playoff game today in protest of the police shooting of Jacob Blake in Kenosha, Wis. The game between the Bucks and the Orlando Magic was scheduled for Wednesday afternoon, but the teams remained in their respective locker …
Read More »NewsWatch: ‘The housing market is on a sugar high’: Home sales are soaring, but is it a good time to buy? Here’s what the experts say
MARKETWATCH FRONT PAGE The domestic property market is fueled by a government stimulus and a COVID-fueled rush to low density housing, economists say. See full story. Invest in tech indexes, but hedge your bets with fine wine and stamps, says this strategist Tech companies will grow exponentially for the next …
Read More »Key Words: Buffett dumps entire airline stake, saying: ‘The world changed for airlines’
Warren Buffett says Berkshire Hathaway dumped all of its holdings in the airline sector, painting a grim picture of the industry that has been badly hurt by the COVID-19 pandemic. “I was wrong about that business,” Buffett said, speaking on Saturday in Omaha, Neb., at Berkshire’s annual shareholder meeting, which …
Read More »Key Words: Stephen King is ‘sorry’ if you feel like you’re living in ‘The Stand’ right now
Maybe Stephen King has a touch of the “shining”? A flu-like pandemic has spread across the globe, killing tens of thousands, overrunning hospitals and turning iconic tourist destinations like Times Square and St. Peter’s Square in Vatican City into ghost towns. These daily headlines and news reports following the COVID-19 …
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